nCino Acquires Sandbox Banking for $52.5 Million

nCino announced the acquisition of Sandbox Banking, a technology integration platform that facilitates connectivity between financial institutions and fintech providers through API-based tools. The deal was valued at $52.5 million. Sandbox Banking's platform enables banks and credit unions to integrate third-party fintech solutions more efficiently, which is a core enabler of banking-as-a-service and embedded finance strategies.

By acquiring Sandbox Banking, nCino expands its offering beyond its core loan origination and bank operating system capabilities into the integration layer that underpins BaaS relationships. The acquisition positions nCino to help financial institutions more rapidly deploy and manage fintech partnerships. The deal was identified as one of the top five fintech M&A transactions of February 2025.